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Gap is growing between Wellington’s homes and population

We strive to keep Wellington property owners up to date with the latest property information.

Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.

News from Statistics NZ (via Facebook)
Wellington’s population growth is currently twice as high as dwelling growth.

Wellington City’s resident population has been growing at about 2% a year in 2015-17, compared with about 1% annual growth in the housing stock (based on building consents and previous census counts of private dwellings).

In earlier years the gap between population and housing growth was less pronounced, and in the late 1990s the housing stock was increasing at a rate higher than the population growth rate.

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